Volumes

Daily volumes - updated daily

Below you can find the daily volume of CDS contracts cleared at CDSClear for the most recent trading day.

Single Name CDS cleared - 21/06/2024
Currency Notional Open Interest Number of Transactions
EUR 652,700,000.00 170,404,048,418.00 86
USD 106,000,000.00 9,947,813,597.70 38

Index CDS cleared - 21/06/2024
Currency Notional Open Interest Number of Transactions
EUR 10,497,999,068.00 212,474,808,057.30 267
USD 1,858,733,421.00 82,549,226,973.83 59

Swaptions cleared - 21/06/2024
Currency Notional Open Interest Number of Transactions
EUR 0.00 250,000,000.00 0

Volumes since inception - updated daily

Below you can find the total cumulative volume of CDS contracts cleared at CDSClear since launch, up until the most recent trading day.

Single Name CDS cleared since launch - 21/06/2024
Currency Notional Number of Transactions
EUR 1,055,296,880,223.01 258,656.00
USD 22,764,855,033.70 3,518.00

Index CDS cleared since launch - 21/06/2024
Currency Notional Number of Transactions
EUR 8,630,506,326,438.18 242,159.00
USD 555,804,752,416.34 15,117.00

Swaptions cleared since launch - 21/06/2024
Currency Notional Number of Transactions
EUR 283,048,262,500.00 1,451.00

Definitions:

“Notional” is the sum of the notional for trades where both buyer and seller agree to clear the transaction. This figure is one sided. For example if A and B agree to clear 1 transaction for €2,000,000 notional and C and D agree to clear 1 transaction for €3,000,000 notional and A and C agree to clear 1 transaction for €8,000,000 notional the volume is €13,000,000 notional. Similarly the "Number of Transactions" figure represents one side and would be 3 in this example.

“Open Interest” is the sum of all clearing participants’ outstanding net long positions per contract against LCH SA, which results in single sided amounts.